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v3.23.2

Benefit Plans | 6 Months Ended
--- | ---
Jun. 30, 2023
Retirement Benefits [Abstract] |
Benefit Plans | Note 10. Benefit Plans Pension Plans Components of Net Periodic Pension Cost Net periodic pension cost/(benefit) consisted of the following:
| U.S. Plans |  | Non-U.S. Plans
| For the Three Months Ended June 30, |  | For the Three Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in millions)
Service cost | $ | 1 |  |  | $ | 2 |  |  | $ | 13 |  |  | $ | 16 |
Interest cost | 17 |  |  | 12 |  |  | 76 |  |  | 47 |
Expected return on plan assets | (24) |  |  | (18) |  |  | (100) |  |  | (94) |
Amortization: |  |  |  |  |  |  |
Net loss from experience differences | — |  |  | 2 |  |  | 10 |  |  | 15 |
Settlement losses and other expenses | 3 |  |  | 4 |  |  | — |  |  | — |
Net periodic pension (benefit)/cost | $ | (3) |  |  | $ | 2 |  |  | $ | (1) |  |  | $ | (16) |
| U.S. Plans |  | Non-U.S. Plans
| For the Six Months Ended June 30, |  | For the Six Months Ended June 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
| (in millions)
Service cost | $ | 2 |  |  | $ | 3 |  |  | $ | 27 |  |  | $ | 55 |
Interest cost | 32 |  |  | 23 |  |  | 152 |  |  | 88 |
Expected return on plan assets | (49) |  |  | (36) |  |  | (202) |  |  | (186) |
Amortization: |  |  |  |  |  |  |
Net loss from experience differences | — |  |  | 5 |  |  | 21 |  |  | 33 |
Prior service cost/(benefit) | 1 |  |  | — |  |  | — |  |  | (1) |
Settlement losses and other expenses | 8 |  |  | 7 |  |  | — |  |  | — |
Net periodic pension (benefit)/cost | $ | (6) |  |  | $ | 2 |  |  | $ | (2) |  |  | $ | (11) |
Employer Contributions During the six months ended June 30, 2023, we contributed $3 million to our U.S. pension plans and $65 million to our non-U.S. pension plans. We make contributions to our pension plans in accordance with local funding arrangements and statutory minimum funding requirements. Discretionary contributions are made to the extent that they are tax deductible and do not generate an excise tax liability. As of June 30, 2023, we plan to make further contributions of approximately $3 million to our U.S. plans and $54 million to our non-U.S. plans for the remainder of 2023. Our actual contributions may be different due to many factors, including changes in tax and other benefit laws, significant differences between expected and actual pension asset performance or interest rates. Multiemployer Pension Plans On July 11, 2019, we received an undiscounted withdrawal liability assessment from the Bakery and Confectionery Union and Industry International Pension Fund totaling $526 million requiring pro-rata monthly payments over 20 years. We began making monthly payments during the third quarter of 2019. In connection with the discounted long-term liability, we recorded accreted interest of $2 million and $5 million for the three and six months ended June 30, 2023 and 2022, within interest and other expense, net. As of June 30, 2023, the remaining discounted withdrawal liability was $336 million, with $15 million recorded in other current liabilities and $321 million recorded in long-term other liabilities. Postretirement and Postemployment Benefit Plans The net periodic postretirement (benefit)/cost was $(2) million for the three and six months ended June 30, 2023 and $3 million and $6 million for the three and six months ended June 30, 2022. The net periodic postemployment cost was zero and $1 million for the three and six months ended June 30, 2023 and 2022.

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